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This article extends the work done by us in issues 5(3) and 6(4) of The Expert Witness, we conclude that it would be appropriate to revise our existing 2½ and 3½ percent two-part forecast of real interest rates. We propose to use a rate of 2¼ percent for the first five years of all calculations. For all subsequent years we propose to use a rate of 3¼ percent.

This article compares retirement ages of Canadians over the five year period 1991-95 to retirement ages of Canadians over the five year period 1996-2000. The findings show that for most educational and industry categories, Canadians are retiring earlier than they did even five years ago.